What is the car ownership in 2020?

[GenesisDella]

2020 China's car ownership was 281 million units. Additional information is as follows: 1. Introduction: Car ownership refers to the number of vehicles in a region, generally referring to vehicles registered locally. However, car ownership differs from motor vehicle ownership, which includes motorcycles, agricultural vehicles, etc. 2. Reasons for growth: The number of cars, especially private cars for consumption, is closely related to economic development, economic activity level, GDP, per capita GDP growth, and road construction development. With the sustained and rapid development of China's economy and the continuous improvement of people's income levels, more and more families will have the ability to purchase private cars.